Oct 23, 2015 - 0 Comments - Top Stories -

Miami Commercial Real Estate News October 23, 2015

Michael Scarpino Reps Landlord In 29,000 SF Lease Deal To Show Cigar, Inc.

The new-to-market tenant is relocating from New Castle, Pennsylvania.

Company Expands, Relocates HQ And Renames Downtown Fort Lauderdale’s Tower 101

The retailer will relocate its offices from their current location in Plantation to take 52,683 square feet in the Tower 101 building.

Miami Beach Convention Center Construction Inches Closer

Progress. The Miami Beach Convention Center will break ground right after December’s Art Basel. Yesterday, Miami Beach commissioners approved up to $514.4 million for general contractor Clark Construction (the only bidder) and 200 subcontractors to complete this by June 30, 2018. Still up for…

Lapidus’ Sixty Nautilus South Beach Fuses Old and New Miami

The Nautilus, a SIXTY Hotel reopened on Monday with 250 rooms in Miami Beach’s Art District.  Many of the hotel’s original “Miami Modern” design features have been preserved, with some contemporary touches.  Purchased in 2011 by owners Quadrum Global and InSite Group, they were careful to restore…

Russian Developer Buys Brickell Property For $48 Million, Plans 48-Story Tower

Built in 1971, the 11-story, 60-unit condo building located on about an acre with 150 feet of Biscayne Bay will be demolished to make way for a 48-story tower.

Top 5 biggest condo projects approved in Miami this past year

#1 – Aria on the Bay, Edgewater.  Melo Group’s massive Aria on the Bay project topped our list as Miami’s biggest condo project approved over the last 12 months. Plans for the 53-story tower include…

Miami-Dade judge to rule on contentious Privé project

Four months after breaking ground, developers of the controversial Privé at Island Estates will come before a Miami-Dade County judge Friday morning, in a key hearing that could determine if the case will go to trial in the spring.
Litigation has…

On the scene at Panorama Tower’s EB-5 launch

City of Miami officials and Florida East Coast Realty executives celebrated the launch of the EB-5 private placement for the developer’s Panorama Tower recently.  When completed, the 83-story tower…

Doubletake in Miami: sales of condos drop, homes rise

Miami condominium sales fell 8.3 percent in September, year-over-year, as the new construction condo market continues to take a bite out of resales, a report released Thursday shows.  At the same time, home…

All Aboard to expand MiamiCentral with city land swap

Miami commissioners on Thursday signed off on a land swap that allows All Aboard Florida to expand its MiamiCentral project and gives the city some of the space it needs to build a fire station.  The city agreed to convey All Aboard Florida two of…

Rapids Water Park owner sues to stop competitor in Fort Lauderdale

A Palm Beach County water park operator wants to stop a competitor from setting up shop in neighboring Broward by alleging Fort Lauderdale officials cut an insider deal unfavorable to city taxpayers.  On Wednesday, Premier Parks LLC, which owns dozens…

Why the Coworking Movement Isn’t Going Away

“It will be refined over time as different kinds of communities, or tribes, find each other and organize themselves into excitingly inspirational places to work and play for a living.”

CRE Legend With Remarkable Life Passes Away

At age 16 at the start of World War II in 1939, he was interned in a Nazi labor farm, where he survived unimaginable indignities….

All But Dead Mall Gets New Lease on Life

Encore is betting the development will become the commercial and residential heart of Plantation….